Thursday, August 20, 2026

HSBC and Standard Chartered Run First Live Tokenized Deposit Transfer on SWIFT’s Blockchain Ledger

"HSBC's interoperability transaction with Standard Chartered via SWIFT is a landmark moment for the promise of tokenised deposits," said HSBC exec.

  • HSBC and Standard Chartered successfully conducted the first live tokenized deposit transfer using SWIFT's blockchain-based ledger.
  • The transaction utilized SWIFT's ledger as an orchestration layer, with final settlement occurring on existing payment rails.
  • This milestone is seen as significant for the future of tokenized deposits and digital asset strategies, with other major banks piloting similar initiatives.

Topics: Banks bankingsystems, Blockchain usage, Payment system integration, 28 1 custody asset servicing, 6 1 ethereum evm l 1 s, 15 3 cross border settlement

Tags: #tokenizeddeposits #swift #hsbc #standardchartered #blockchainledger #interoperability #hyperledgerbesu #digitalassets #settlement #paymentrails

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